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Your PAN card not linked to Aadhaar? Your PAN will be cancelled!!!

Your PAN card not linked to Aadhaar? Your PAN will be cancelled!!!Have you linked your PAN card with your Aadhaar Card. If not, do it before August 31, 2017. Else your PAN card may be cancelled if not linked with your Aadhaar card within the stipulated time.

To know various ways to link pan card with Aadhaar click here!!!

It is to be noted that the Finance Minister Arun Jaitley had made an amendment to tax proposals in the Finance Bill for 2017-18 to make Aadhaar mandatory for filing income tax returns. This amendment also stated to link PAN with Aadhaar to check tax evasion through the use of multiple PAN cards.

Revenue secretary Mr. Hasmukh Adhia said in a business channel that an individual’s PAN card will be cancelled if not linked with his Aadhaar number. Though reports from some media says that the deadline to link the Aadhaar number with the PAN is extended till August 31, 2017, he has said that the deadline will be announced shortly.

The deadline for filing the Income Tax Returns has also been extended till August 5, 2017 which was announced sometime back.

Government has introduced Section 139AA this year which made it mandatory to link your Aadhaar to your PAN card to file your income tax returns. But this created lot of chaos and technical issues. Reports says an extension has been announced for the same. Reports says that Income Tax Department has already received over 2 crore returns filed electronically. There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.

To know more about extension of deadling for Income Tax Returns filing, click here!!!

 

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